News: Afren PLC (AFRE.L)

AFRE.L on London Stock Exchange

58.25GBp
27 Nov 2014
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Thu, Oct 30 2014

UPDATE 1-Afren evaluating restatement of accounts; output falls

Oct 30 - British oil producer Afren Plc said it was evaluating the need to restate historic financial information after the completion of an independent accounting review of some unauthorised payments.

Afren oil output hurt by downtime at key projects

Oct 30 - British oil producer Afren Plc said production for the nine months fell 36 percent, hurt by delays at key projects in Nigeria.

PRESS DIGEST-SUNDAY BRITISH BUSINESS - OCT 19

LONDON, Oct 19 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 2-Oil producer Afren fires CEO, 3 other execs in scandal

(Adds analyst comment, details of financial deals, updates share movement)

Oil producer Afren fires CEO, COO, 2 associate directors

Oct 14 - Oil producer Afren Plc said it had dismissed its CEO, COO and two associate directors after an independent review into unauthorised payments found evidence of gross misconduct.

UPDATE 1-Afren expects operations at Barda Rash oilfield to resume by end-October

Oct 2 - Oil and gas producer Afren Plc said it expected drilling and production at its Barda Rash field in Kurdistan to be fully resumed by end-October as the security situation had improved at the border of Iraqi Kurdistan.

Afren expects operations at Barda Rash oilfield to resume by end-October

Oct 2 - Oil and gas producer Afren Plc said it expected drilling and production at its Barda Rash field in Kurdistan to be fully resumed by end-October as the security situation had improved at the border of Iraqi Kurdistan.

UPDATE 1-Afren says review shows no signs of more unauthorised payments

Sept 30 - Oil and gas producer Afren Plc said an independent review revealed no further incidents of unauthorised payments so far, two months into a probe that has led to the suspension of four executives so far.

Afren's says unauthorised payments review shows no further incidents

Sept 30 - Oil and gas producer Afren Plc said an independent review into unauthorised payments has not revealed further incidents so far.

UPDATE 3-Afren shares drop after Kurdistan shutdown prompts production forecast cut

* Slashes FY production forecast 20 pct to 32,000-36,000 bpd

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